Yahoo Finance's Monday morning wrap

Treasurer Josh Frydenberg. Image: Getty

Good morning.

Here’s everything you need to know in finance today.

The ASX is expected to open higher after the announcement of the “phase one” US-China trade deal on Friday. US Trade Representative Robert Lighthizer said the partial agreement is “totally done”. 

Wall Street on Friday finished largely unchanged, with the Dow Jones Industrial Average and the S&P 500 not moving, while the Nasdaq Composite shifted up 0.20 per cent. 

Myer had a shocker of a weekend, after registers crashed on Saturday, less than two weeks from Christmas. 

“Myer Highpoint registers are down, can’t purchase anything just before Xmas. When will they be fixed?” one user posted on Myer’s Facebook page.

The issue has now been fixed. 

The federal budget will likely suffer a $30 billion write-down  when Treasurer Josh Frydenberg hands down the mid-year review, although it will still remain on course for a surplus. 

Neobank Volt Bank is open for business, with the challenger bank now working its way through its 40,000-strong waitlist for a public launch in 2020. 

Separate interest rates: If each Australian city or region could set their own interest rates, Adelaide and Hobart may well have raised theirs in the last financial year, a new report has found. 

That’s due to Hobart and Adelaide’s booming economies. 

Tough chat: Wanting to progress in your career? It’s time for a one-to-one with your boss. Here’s how to manoeuvre your way through that tricky conversation. 

Cash-back: And this app will give you money back as you shop, and millions of Australians already have it. 

Have a great day.

  • With AAP.

Make your money work with Yahoo Finance’s daily newsletter. Sign up here and stay on top of the latest money, news and tech news.